BULLETIN: STUDIOS-SAG REACH TENTATIVE AGREEMENT

BULLETIN: STUDIOS-SAG REACH TENTATIVE AGREEMENT

 

 

It’s been a year of battling but according to the Los Angeles Times Hollywood’s actors finally reached an accord Friday for a new labor contract. The tentative agreement between the Screen Actors Guild and the studios provides actors, who have been working without a contract since last summer, a two-year pact that the union’s president has vowed to oppose.

 

 

The deal brings relief to the 120,000 actors. SAG negotiators accepted a deal that was modeled on those negotiated by other talent unions, including the Writers Guild of America, which forged a pact amid a 100-day strike 14 months ago, the Times said.

 

 

 The proposed agreement grants a 3.5 percent annual pay increase and establishes fees for shows currently streamed on the Internet. According to the Times, the tentative contract was endorsed by the union’s negotiating task force Friday and will be voted on by SAG’s 71-member board Sunday. Since the contract is not retroactive to July 1, SAG is giving up a year’s worth of pay increases, which the studios have estimated at $65 million. The two sides agreed that they would settle outstanding claims for back pay on behalf of actors who lost their jobs during the writers strike and conduct early talks for the next round of negotiations…

 

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